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LAST UPDATED: June 3rd, 2022

Founded in 1873, Zions Bank is a full-service bank providing a wide range of banking solutions for individuals and businesses in Utah, Idaho, and Wyoming.

The bank offers a variety of home loan options and specialized solutions for first-time homebuyers.

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Read more about the bank's mortgage options or jump down to read Zions Bank reviews from real customers.

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The Good

  • Variety of Loan Types
  • Home Equity Loan Options
  • First-Time Homebuyers Assistance
  • Interest Rate Discount
  • No Closing Costs
  • Mobile App

Variety of Loan Types

Zions Bank offers a variety of home loan types:

  • Conventional Loan (fixed rate)
  • Adjustable Rate Mortgage (ARM) Loan
  • FHA Loan
  • Home Refinance Loan
  • Home Construction Loan

The bank’s Home Construction Loan is worth noting because most mortgage lenders don’t offer this option. Thus, if you are building your own home, a Zions Bank mortgage could be a good option for you.

Home Equity Loan Options

In addition to its traditional loan options, Zions Bank offers home equity loan options, allowing you to tap into your home equity to fund renovations or other projects, or to cover whatever need you may have.

ZIons Bank offers the following two home equity options:

  • Home Equity Loan — get the entire loan amount up front
  • Home Equity Line of Credit (HELOC) — a revolving line of credit that you can access as needed

First-Time Homebuyers Assistance

Zions Bank offers specific support and solutions to first-time homebuyers. The bank offers a variety of mortgage loans designed for first-time buyers and you will work with a Zions Bank mortgage loan officer to determine what options are best for you.

To get started in the mortgage process with Zions Bank, you simply complete an online application and necessary support will be provided based on your information.

Interest Rate Discount

If you are an existing Zions Bank customer, you have the opportunity to save on your mortgage rate by choosing to make automatic payments through a Zions Bank bank account. The following discounts are available to eligible borrowers:

  • 0.125% Rate Discount — available for a home equity loan (HELOCs are excluded) and a residential lot loan
  • 0.250% Rate Discount — available for an RV loan, a personal unsecured loan, a personal secured loan, and a personal unsecured line of credit

No Closing Cost Refinance Loans

If you choose to refinance your home loan with Zions Bank, you will not be required to pay any closing costs, which could save you thousands of dollars.

Mobile App

Zions Bank provides its customers with an iOS-compatible and Android-compatible mobile app, which can be used to view and manage loans from a smartphone or tablet while on the go.


The Bad

  • Undisclosed Interest Rates
  • High Minimum Credit Score

Undisclosed Interest Rates

Unfortunately, Zions Bank has not disclosed mortgage interest rates on its corporate website. Interested consumers must contact the company for more information.

High Minimum Credit Score

Zions Bank will not lend to borrowers with a credit score below 660. Consumers with subpar credit will need to seek other home loan companies. 


The Bottom Line

Zions Bank offers a mobile app and does not charge closing costs. However, the company has a high credit score requirement in place and does not disclose interest rates on its website.

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8 Reviews

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Chelsea Stewart Salt Lake City, UT

I have banked with Zions for the last 12 years and I love them. I love not having a fee for a checking, savings, and money market account. I have called them multiple times with questions and need for help and I have always had my concerns resolved quickly. I am moving out of state soon and have started to look into other banks and I am SO sad to have to leave Zions, nothing else out there compares to the quality of service and ease of banking I have had here.

5 years ago

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L Gilbert, AZ

Zions Bank offers a big bank variety of products with a small bank customer service quality. I’ve always like every interaction I had with them as a banking institution. Their home loans are fairly priced and the processing is accurate and efficient.

4 years ago


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Kristiane R Durfey Pleasant Grove, UT

We had a home mortgage with Zions bank a few years back. Their interest rate was low and we were happy with the payments. They did require us to open a checking account with them because the mortgage was to be automatically transferred from a checking account with them to their mortgage company. We do most of our banking with another company so it just got tedious to have to go to the bank every month to deposit money into the account so the mortgage could get paid. We finally refinanced and closed the checking account.

3 years ago

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Jonathan Bountiful, UT

Zions is a great place to work with. They are up front and honest about the rates and will take the time to work with you. I really enjoy banking with them.

5 years ago

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Ryan Hancock San Francisco, CA

I have been using a Zion's Bank location in town for the past several years. I wish the location was easier to get to but I use the bank because the staff is so friendly

5 years ago


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Andrea Thomas Richland, WA

We didn’t realize how quickly our loan would be sold from Zions after our first mortgage. We had been there only about 3-4 months it seemed. But it was easy to use and a great rate!

1 year ago


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Tom Pleasant Grove, UT

Did my first home loan with Zions Bank and they were easy to work with, I got a great rate, and they are very trustworthy.

4 years ago


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Fernando Lawton, OK

Decent rates. On hold for a little longer than would of liked to been. Other than that. Pretty good company

1 year ago